Average Rent, House Prices and Buy-to-Let Yield in East Devon (July 2026)
The average private rent in East Devon is £965 a month (ONS, July 2026) and the average house price £345,757 (HM Land Registry, June 2026): a gross yield of 3.3%, ranked 309 of 316 local authorities.
Rent in East Devon
The average private rent across all property types is £965 a month (+6.1% on a year earlier). The regional median in the South West is £1,046.
| Property | Per month | Per year |
|---|---|---|
| 1 bedroom | £683 | £8,196 a year |
| 2 bedrooms | £893 | £10,716 a year |
| 3 bedrooms | £1,118 | £13,416 a year |
| 4+ bedrooms | £1,610 | £19,320 a year |
The bedroom ladder in East Devon: one to two bedrooms adds 30.7% to the rent, two to three adds 25.2% and three to four-plus adds 44% (England-and-Wales medians 27.3%, 20.9% and 40.9%). The biggest step here is three to four or more bedrooms — the size where an extra room earns most, and the first place to look when comparing a conversion against its cost.
House prices in East Devon
The average price paid is £345,757 (+3.5% on a year earlier).
| Type | Average price |
|---|---|
| Detached | £538,966 |
| Semi-detached | £338,579 |
| Terraced | £274,572 |
| Flat | £184,423 |
Rents are outrunning prices in East Devon. Rents moved +6.1% over the year against +3.5% for prices — a gap of 2.6 points that lifts the gross yield a buyer sees today. East Devon ranks 60th of 316 local authorities for rent growth and 134th of 316 for price growth; the England-and-Wales medians are +3.8% and +2.8%.
Gross yield by property type in East Devon
| Type | Rent / month | Average price | Gross yield | E&W median |
|---|---|---|---|---|
| Flat | £893 | £184,423 | 5.8% | 7.5% |
| Terraced house | £1,118 | £274,572 | 4.9% | 5.7% |
| Semi-detached | £1,118 | £338,579 | 4% | 4.6% |
| Detached | £1,610 | £538,966 | 3.6% | 4.1% |
On these pairings the strongest gross yield in East Devon is on flats at 5.8%, against an England-and-Wales median of 7.5% for that type; the weakest is detached. Gross figures ignore service charges, which usually make flats the thinnest net yield of the four.
What that means for a landlord
- Gross yield 3.3% (rent × 12 ÷ price) — rank 309 of 316 local authorities; the regional median is 4.1%. Net yield is lower once mortgage interest, insurance, maintenance and voids come off.
- Tenant affordability: referencing at 30× means a household income of about £28,950 a year for the average rent.
- EPC before 2030: 47% of EPCs lodged in East Devon over the last year were below band C — the level a rented home needs by 1 October 2030 — with 33% at D (EPC ratings in East Devon).
- Council tax: Band D in East Devon is £2,595 for 2026/27, and the council charges a 100% second-home premium (council tax in East Devon).
Lender maths on the averages. At a 5.5% stress rate and 145% rent cover — the common buy-to-let convention — the average rent of £965 supports a loan of about £145,204, which is 42% of the average price. That falls short of 75% loan-to-value, so a buyer of an average home here needs a larger deposit or a stronger rent to pass the stress test. Both numbers are conventions rather than rules — change them in the stress test.
Run the numbers for East Devon
- Yield calculator with £345,757 and £965 already filled in
- Mortgage stress test at 75% LTV on the average price
- Rent affordability: the income a tenant needs to reference at £965 a month
- Rental income tax on £11,580 a year of rent
Nearest neighbours by yield, in the South West
| Area | Rent | Price | Yield | Rent 12m |
|---|---|---|---|---|
| Torridge | £788 | £260,783 | 3.6% | +2.5% |
| North Devon | £845 | £281,532 | 3.6% | −0.1% |
| West Devon | £840 | £286,145 | 3.5% | +2.1% |
| Stroud | £1,040 | £355,953 | 3.5% | +6% |
| Forest of Dean | £826 | £288,524 | 3.4% | +0.3% |
| South Hams | £1,009 | £360,571 | 3.4% | +3.2% |
All 316 areas ranked · council tax in East Devon · EPC ratings in East Devon.
Rents: ONS, Price Index of Private Rents (average monthly private rent by local authority, July 2026). Prices: HM Land Registry UK House Price Index (average price, June 2026). Gross yield = rent × 12 ÷ price, our calculation. Contains public sector information licensed under the Open Government Licence v3.0; contains HM Land Registry data © Crown copyright and database right 2026. Rankings and medians are ours, across 316 local authorities.
Asked about this area
£965 a month across all property types (ONS Price Index of Private Rents, July 2026), up 6.1% on a year earlier.
£345,757 (HM Land Registry UK House Price Index, June 2026).
About 3.3% gross on the averages — £965 rent against a £345,757 price — ranking 309 of 316 local authorities. Net yield depends on your mortgage and costs.
Flats on our pairing: 5.8% gross (£893 rent on a £184,423 price), against an England-and-Wales median of 7.5% for that type.
Rents +6.1% against prices +3.5% over the year — rents ahead, so yield is rising for a buyer today.
Referencing at 30 times the monthly rent points to roughly £28,950 a year of household income for the average home; the affordability calculator shows 24× and 36× too.